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U.S. Venture Capital Report: Q3 2018

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At Q3, 2018 U.S. venture funding nearly equal to totals for entirety of 2017

Each quarter Preqin and First Republic deliver a report on the U.S. venture capital industry, covering fundraising, deal totals, exits and a detailed examination of the micro-VC market. See below to review a summary of this quarter’s key findings and to download the report.

  • $71 billion in venture capital invested in U.S.-based companies across 4,116 deals as of Q3 2018 — nearly equal to the final 2017 figure of $77 billion.
  • For the 6th consecutive year, average deal size for all round stages increased in 2018.
  • 50% of deals in Q3 were angel/seed and Series A transactions.
  • $57 billion is the aggregate value of exits for 2018 as of Q3 — the highest level since 2014.
  • U.S. venture capital fundraising in 2018 YTD is at 242 funds and $29 billion, similar to 2017 fundraising levels.
  • 908 U.S. VC funds are currently in market targeting $81 billion in capital, compared to 649 funds targeting $57 billion in Q3 2017.
  • 62% of funds closed by U.S.-based managers are sub-$100 million micro-VC funds.
  • Average time of fundraising to final close for U.S. VCs is 20 months.

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Preqin partnered with First Republic Bank to prepare this information regarding U.S. Venture Capital. This report is for information purposes only and is not intended as an offer, solicitation, advice (investment, legal, tax or otherwise) or as the basis for any contract. First Republic Bank has not independently verified the information contained herein and shall not have liability to any third party in any respect for this report or any actions taken or decisions made based upon anything contained herein. This information is valid only as of September 30, 2018, and neither Preqin nor First Republic Bank will undertake to update this report with regard to changes in market conditions, information, laws or regulations after the date of this report. This report may not be further reproduced or circulated without the written permission of Preqin and First Republic Bank.


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